Applications are now open for Chivas Venture 2019 – a global competition that gives away $1-million in no-strings funding every year to the hottest social start-ups from around the world.
The Chivas Venture provides a global platform for innovative enterprises that are using business to solve an array of social and environmental issues.
Applicants in each participating country will compete in local heats, with the South African winner flying to the United Kingdom to take part in an exclusive Accelerator Programme. The intensive training programme will give the global finalists the chance to hone their business and pitching skills.
Following the Accelerator Programme, the allocation of the first $100 000 of the fund will be put into the hands of the public with three weeks of online voting. The Chivas Venture 2019 will then culminate in a series of high-stake pitches at the Global Final in Europe, where the finalists will battle it out for the remainder of the $1-million fund.
South African finalists in Chivas Venture
In 2017, innovative South African water company I-Drop water placed third in the global finals, walking away with close to R1-million in funding. Since winning, founder James Steere has received interest from investors globally.
Clement Mokoenene is the 2018 South African winner and the creator of the Vehicle Harvest Energy System (VEHS). His business is able to generate electricity at a much lower, affordable cost than coal-fired power stations which South Africa currently relies on. The system works by installing an overlay on the existing road to extract the pressure and transferring it to the side of the road, similar to a wind turbine. Mokoenene says a 1km highway stretch could generate enough energy to supply the entire South Africa.
To apply for the Chivas Venture 2019 and find out more about why blending profit and purpose is better, visit the Chivas Venture website.
Since the competition’s launch in 2014, Chivas Venture-supported enterprises have enriched the lives of more than 1 million people in over 40 countries, across six continents.